---
title: "Xihua New Energy (603248.SH) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/603248.SH/norm.md"
symbol: "603248.SH"
name: "Xihua New Energy"
parent: "https://longbridge.com/en/quote/603248.SH.md"
datetime: "2026-05-20T08:16:41.732Z"
locales:
  - [en](https://longbridge.com/en/quote/603248.SH/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/603248.SH/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/603248.SH/norm.md)
---

# Xihua New Energy (603248.SH) — Financial Reports

## Income Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| EPS | 0.0600 | 0.1156 | 0.1156 | 0.1681 | 0.1000 |
| ROE | 4.96% | 9.20% | - | - | 11.69% |
| Revenue | 287.35M | 341.27M | 341.27M | 339.27M | 241.17M |
| Net income | 28.83M | 53.19M | 53.19M | 60.52M | 34.43M |
| Operating income | 34.84M | 62.80M | 62.80M | 72.62M | 38.55M |
| Gross margin | 20.03% | 26.71% | 26.71% | 21.40% | 24.17% |
| Net margin | 10.03% | 15.58% | 15.58% | 17.84% | 14.28% |
| Profit quality | -34.14% | 205.99% | 205.99% | 293.78% | -41.05% |

## Balance Sheet (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| A&L | 2.92B | 3.15B | 3.15B | - | - |
| Leverage | 1.25 | 1.36 | 1.36 | - | - |
| BVPS | 5.08 | 5.02 | 5.02 | - | 3.27 |
| Turnover | - | 0.5234 | - | - | - |
| Cash & STI | 955.62M | 1.30B | 1.30B | - | 224.20M |
| Inv & Rec | 149.05M | 138.60M | 138.60M | - | - |
| LT assets | 813.17M | 820.69M | 820.69M | - | - |
| Net debt | -689.24M | -814.10M | -814.10M | - | -46.94M |

## Cash Flow Statement (CNY)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | -102.05M | 30.49M | 30.49M | 24.72M | -93.90M |
| Investing CF | -72.34M | -320.34M | -320.34M | -6.18M | -26.02M |
| Financing CF | -221.53M | 523.88M | 523.88M | 75.89M | 128.39M |
| Free CF | -139.92M | -11.91M | - | - | - |
| OCF coverage | -31.57% | 31.26% | 31.26% | - | -109.68% |
| Repaid & issued | 100.00M | 72.49M | 72.49M | - | 199.95M |
| CapEx | -12.53M | -76.31M | -76.31M | - | -14.12M |

## Distribution Plan

**Dividend Yield**: 0.49